ElonXAIDogeMessi69PepeInu priceBITCOIN

Bitcoin appears to have broken out of a head-and-shoulders pattern, which could project a bearish target of $99,000. However, Ali emphasized that Bitcoin must surpass $105,400 to invalidate the bearish outlook. The current price movement suggests that traders are closely monitoring these levels for further confirmation. Despite the bearish sentiment, market participants remain active. Data from IntoTheBlock showed that large Bitcoin transactions, exceeding $100K, remain consistent throughout the year. Whale activity reached a seven-day high of 926.53K BTC on 16th December, suggesting continued institutional interest.$BTC

The correction is unfolding exactly as I anticipated. As I pointed out in recent days, we have breached the 100k mark, thereby achieving our initial goal. Additionally, market makers have intentionally driven the price upwards to capture liquidity before we initiated the correction. Keep in mind that rapid and parabolic increases are always a signal of a larger correction on the horizon in the long term. Please exercise caution while trading. Two scenarios may now develop: The first is that Bitcoin recovers relatively quickly and gradually approaches the next all-time high (ATH). The second scenario is that we experience a further correction down to the 75k-85k range before staging a reversal. In my opinion, the second is the more likely outcome and, as discussed frequently in recent times, is the most sustainable way to propel Bitcoin higher in January. $BTC

It was a sea of red in the crypto industry as Bitcoin price dropped below $100,000 briefly and the crypto fear and greed index moved from the extreme greed zone of 88 to 69. So, why did crypto crash this week? Bitcoin BTC-4.39% Bitcoin, he largest cryptocurrency, was trading at $102,300 on Dec. 19, while Ethereum Ethereum ETH-8.63% Ethereum dropped to $3,600. Some of the top laggards were coins like Cosmis, Floki, THORChain, Curve DAO Token, and Fantom. Crypto crashed because of the Fed decision: The most important reason why the crypto crash happened is the Federal Reserve decision. The bank decided to cut interest rates by 0.25% as was widely expected. That cut brought the cumulative cuts this year to 1%. However, the Fed signaled that it would only implement two additional cuts in 2025, citing its focus on controlling inflation. Officials expect inflation to remain persistently high, reaching the 2% target only in 2026 or 2027. The hawkish tone from the Fed led to declines in cryptocurrencies and other risk assets. U.S. equity markets plunged, with the Dow Jones and Nasdaq 100 indices falling over 2%. U.S. Treasury yields surged to multi-month highs, with the 10-year yield rising to 4.557% and the 30-year yield climbing to 4.7%. Meanwhile, the U.S. dollar index soared to a two-year high. Mean reversion and distribution Crypto is also down because of profit-taking, panic, mean reversion, and the Wyckoff Method distribution. Historically, crypto investors take profits when Bitcoin and other tokens rally too much. This profit-taking can be explained in terms of mean reversion and the Wyckoff Method. Mean reversion is a situation where an asset in an uptrend falls so that it can move close to its historical averages. For example, as shown below, Solana remains about 20% above the 200-day moving average. As such, it may drop to get closer to that level. The Wyckoff Method identifies key phases in an asset’s lifecycle: accumulation, markup, distribution, and markdown. The recent crypto surge was part of the markup phase, while the ongoing decline could signify either a distribution phase or the start of markdown. Will crypto prices bounce back? Cryptocurrency prices often mirror Bitcoin’s movements. As previously noted, Bitcoin’s cup-and-handle pattern indicates the potential for a rally to $122,000 in the near term. If this happens, it could trigger a recovery across altcoins as investors capitalize on the dip. However, the immediate aftermath of a dip may lead to a “dead cat bounce,” where an asset experiencing a significant decline temporarily recovers before resuming its downtrend.$BTC

Here's a general outlook for future price levels of popular cryptocurrencies: Bitcoin (BTC) 1. *Short-term (2024)*: $30,000 - $40,000 2. *Mid-term (2025-2026)*: $50,000 - $70,000 3. *Long-term (2027-2030)*: $100,000 - $200,000 Ethereum (ETH) 1. *Short-term (2024)*: $2,000 - $3,000 2. *Mid-term (2025-2026)*: $4,000 - $6,000 3. *Long-term (2027-2030)*: $10,000 - $20,000 Solana (SOL) 1. *Short-term (2024)*: $50 - $100 2. *Mid-term (2025-2026)*: $150 - $300 3. *Long-term (2027-2030)*: $500 - $1,000 BGB Coin 1. *Short-term (2024)*: $5 - $10 2. *Mid-term (2025-2026)*: $10 - $20 3. *Long-term (2027-2030)*: $20 - $50 Please note that these price predictions are hypothetical and based on general market trends. Cryptocurrency markets are highly volatile, and actual prices may differ significantly from these projections.

Over the past two days, over $1 billion in crypto positions have been liquidated, suggesting a battle between short sellers and weaker holders. My personal challenge is to maintain my position, even if the price of Bitcoin drops to $90,000 or $85,000. I hope all of you can do the same. I am not a financial advisor do you own analysis.